Index Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
OMX Iceland Energy PI (NASDAQ:IX60PI)
Countertrend Up (+85) - IX60PI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid IX60PI?
MarketClub looks at technical strength and momentum to determine if the timing is right for IX60PI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IX60PI
The long-term trend has been UP since Nov 10th, 2020 at 976.63
The intermediate-term trend has been UP since Apr 7th, 2021 at 1293.55
The short-term trend has been DOWN since Apr 12th, 2021 at 1293.31
Smart Scan Analysis for IX60PI
Based on our trend formula, IX60PI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).